SPONGEUSDT Price Will Soon Cross Above $0.000577

Sponge market is under the bulls’ pressure

SPONGEUSDT Price Analysis – 18 March

Price will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels if the bulls’ momentum continues to build. SPONGEUSDT may retrace and move toward the $0.000500 support level if the $0.000577 resistance level holds.

SPONGE/USD Market

Key levels:

Supply levels: $0.000577, $0.000695, $0.000886

Demand levels: $0.000500, $0.000455, $0.000400

SPONGEUSDT Long-term trend: Bullish

SPONGEUSDT appears to have a bright future as time goes on. Since January 5, when the SPONGEUSDT price movement broke over the $0.000148 line, bulls have continuously supported the bullish market. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The price is increasing past the resistance levels of $0.000455 and $0.000500 as it has broken over the $0.0000500 level.

The price trading above the Hull Suite at the close contact and the Hull Suite being close to the price will be signs of strong bullish momentum. Price will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels if the bulls’ momentum continues to build. The price may retrace and move toward the $0.000500 support level if the $0.000577 resistance level holds. The price could drop as low as $0.0000455 and $0.000400 if bear pressure builds. A purchase signal is shown by the QQE MOD, which is pointing higher and above zero levels.

 SPONGEUSDT medium-term Trend: Bullish

From a medium-range viewpoint, SPONGEUSDT is performing fairly well. As it is typical in a volatile market, the bulls drove the price higher, breaking over $0.000400 and up to the resistance level of $0.000577.  Once the coin crosses the $0.000577 barrier, it will climb above the predefined level.

The fact that the coin is trading above the Hull Suite Crypto signals indicator suggests that the bulls have a lot of momentum. A strong purchase signal is shown by the rising histogram line and the QQE MOD being above zero values.

Not that you really have an option.

You don't really have a choice 🙌🧽#SpongeV2 #Web3 #Crypto #Alts pic.twitter.com/iNPcja86FJ

— $SPONGE (@spongeoneth) March 18, 2024

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